SUN ART Correlations

Stocks . Germany . 
Stock . SUN ART RETAIL
SRI Stock  EUR 0.32  0.01  3.03%   
The current 90-days correlation between SUN ART RETAIL and Apple Inc is 0.18 (i.e., Average diversification). The correlation of SUN ART is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

SUN ART Correlation With Market

Good diversification

The correlation between SUN ART RETAIL and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SUN ART RETAIL and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SUN ART could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SUN ART when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SUN ART - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SUN ART RETAIL to buy it.

Moving together with SUN Stock

  0.86APC Apple IncPairCorr
  0.85APC Apple IncPairCorr
  0.86APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.71MSF MicrosoftPairCorr
  0.7MSF MicrosoftPairCorr
  0.69MSF MicrosoftPairCorr
  0.69MSF MicrosoftPairCorr
  0.7MSF MicrosoftPairCorr
  0.83AMZ Amazon IncPairCorr
  0.68FHL Federal Home LoanPairCorr
  0.86SID State BankPairCorr
  0.74W8V Bank of ChinaPairCorr
  0.74E908 Lyxor 1PairCorr
  0.64DBPE Xtrackers LevDAXPairCorr

Moving against SUN Stock

  0.71DBPD Xtrackers ShortDAXPairCorr
  0.52TKDA Takeda PharmaceuticalPairCorr
  0.47LLD2 Lloyds Banking GroupPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between SUN Stock performing well and SUN ART Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SUN ART's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SUN ART without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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